West Odessa cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexWest OdessaTexasNational
Cost of living index8491100
IndexWest OdessaTexasNational
Goods & Services index10097100
Groceries index9090100
Health care index10396100
Housing index5281100
Transportation index9695100
Utilities index10094100
Here we can see a simple outline of the cost of living in West Odessa, TX. As you can see, with the average cost of living in West Odessa, TX being 84, that puts it 8% lower than the average of Texas and 16% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of West Odessa, TX, the price of goods and services are 3% higher than the average of Texas as well as equal to the nation's average.

Did you know?

  • The cost of living in West Odessa is 8% lower than the Texas average.
  • The cost of living in West Odessa is 16% lower than the national average.
  • The cost of housing in West Odessa is 48% lower than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

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Compare West Odessa, TX Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in West Odessa, TX to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in West Odessa, TX, then you would need to earn more income in order to maintain the same standard of living. To use the West Odessa, TX salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$56,755$4,730$1,324$1,703
Renters$33,879$2,823$790$1,016
One can approximate the cost of living and the housing affordability in West Odessa, TX by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in West Odessa, TX have a median income of $56,755. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,324 per month to avoid calamity and poverty. The renters in the city have an income of about $33,879, which would make their monthly maximum allowable rental costs $790.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
One thing to keep in mind when considering the cost of living in West Odessa, TX is the Texas sales tax and Texas income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Texas sales tax rate is 6.25% and the maximum surtax that can be charged is 8.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemWest OdessaNational avg.Difference
Haircut $13.75$14.595.8%
Beauty Salon $36.25$34.684.5%
Toothpaste $2.50$2.471.1%
Shampoo $0.87$1.0214.9%
Movie $9.88$9.870.1%
Bowling $4.50$4.392.5%

Groceries

ItemWest OdessaNational avg.Difference
Ground Beef $4.96$4.4810.8%
Fried Chicken $1.33$1.469.2%
Milk $2.00$2.3615.1%
Potatoes $2.11$3.0631.1%
Pizza $9.49$9.242.7%
Beer $9.06$8.634.9%

Health Care

ItemWest OdessaNational avg.Difference
Optometrist $97.67$99.782.1%
Doctor $117.50$105.0311.9%
Dentist $87.50$88.701.4%
Ibuprofen $10.14$9.417.7%
Lipitor $293.92$298.501.5%

Housing

ItemWest OdessaNational avg.Difference
Home Price $68,800.00$175,700.0060.8%
Avg. Mortgage Payment $1,005.43$1,081.037.0%
Apartment Rent $739.00$920.0019.7%

Transportation

ItemWest OdessaNational avg.Difference
Gasoline $2.08$2.090.6%
Tire Balancing $39.50$45.2912.8%

Utilities

ItemWest OdessaNational avg.Difference
All Electricity$171.15$170.800.2%
Phone $28.00$28.260.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Gardendale, TX1,08482-18%
Goldsmith, TX23184-16%
Odessa, TX107,32590-10%
West Odessa, TX22,81884-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Bradenton, FL22,81488-12%
Rosemont, CA22,82411111%
Dinuba, CA22,82899-1%
Marysville, OH22,77393-7%
Bellview, FL22,75991-9%
West Odessa, TX22,81884-16%
Source: The West Odessa, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.